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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Apartment buildings
616-620 Chew St Allentown, PA 18102
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-4371144
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1870
Construction
BRICK
Total area
6,588 SF
Lot
0.11 ac (4,617 SF)
Zoning code
R-MH
APN
640701892908-1
UPID
US73-4371144
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$890k
Owner & transaction history
616 Chew LLC · 3 yrs held
616 Chew LLC
since 2023
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
R-MH · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+87.9%
Restaurant
$1.3M
+70.3%
Auto repair, garage
$1.3M
+66.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Allentown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allentown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$870,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$750,000
Current use
MEDICAL BUILDING
$1,410,000
Change: +88% · Conversion: Moderate
RESTAURANT
$1,280,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,250,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$670,000
Change: -11% · Conversion: Moderate
RETAIL STORES
$625,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $825k (May 4 2023)
Last sale anchor
$825k
May 4 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,849
Tax year 2024
Assessed value
$318,000
Assessed 2024
Previous assessed
$318,000
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$54,000
Assessed improvement
$264,000
Land market value
$54,000
Improvement market value
$264,000
Total market value
$318,000
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1870
Construction
BRICK
Heating
BASEBOARD
Stories
3
Units
9
Rooms
30
Bathrooms
10
Total area
6,588 SF
Lot
0.11 ac (4,617 SF)
Zoning code
R-MH
APN
640701892908-1
UPID
US73-4371144
Jurisdiction
LEHIGH
Zoning & alternative use
R-MH · Allentown, PA
Zoning R-MH · permitted uses
R-MH · Allentown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Allentown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$750,000
MEDICAL BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$670,000
RETAIL STORES
Est. value
$625,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1870
Construction
BRICK
Heating
BASEBOARD
Stories
3
Units
9
Rooms
30
Bathrooms
10
Lot
0.11 ac
Current owner
From public records · entity-resolved
616 Chew LLC
Entity
Mailing address
172 MERRICK RD, MERRICK, NY 11566-4560
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2023
$825,000
616 Chew LLC
Chew Metro Holdings LLC
Special Warranty Deed
$577,500 · Embassy Bank For The Lehigh Valley
Jun 30, 2014
$380,000
Chew Metro Holdings LLC
Mastropietro,nino & Jeffrey
Grant Deed
related
$380,000 · Embassy Bk/lehigh Vly
May 9, 2012
$119,448
Nino Mastropietro
Mac Investment Co LLC
Grant Deed
—
Jan 6, 2009
$289,822
Macinvestments LLC
616 Chew Street Trust
Grant Deed
$290,700 · Embassy Bank Lehigh Valley
Sep 26, 2007
$360,000
616 Chew Street Trust
Hanna,maria
Grant Deed
—
Mar 9, 2006
$330,000
Maria Hanna
Platinum Partners LP
Deed
$264,000 · National City Mortgage
Apr 15, 2004
$170,000
Platinum Partners
Gonzalez,anibal & Ramona
Grant Deed
$160,000 · Embassy Bank Lehigh Valley
Jul 23, 2001
$75,000
Anibal Gonzalez
Lopez,jason E
Grant Deed
$105,000 · Patriot Bank NA
Apr 4, 2000
$82,000
Jason E Lopez
David,larry E & Patricia A
Grant Deed
$65,600 · Patriot Bank NA
—
—
Nino Mastropietro
—
Deed Of Trust
related
$380,700 · Embassy Bank Lehigh Valley
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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